3 Responsible Ways to Use Your Tax Refund

Happy Tax Day! Have you finished your taxes today? If you have (or even if you haven’t), make sure you take advantage of all those tax day freebies out there! At least you can get something free today which, depending on how tax season went this year, could be a nice way to end the […]

Organization Tips for Tax Season

This post is part of the TaxACT #BeatTheDeadline blog tour which shares tips on how to make tax time a smooth and easy process before the April 15 deadline. TaxACT provides the tools and guidance to help you confidently file taxes easy and fast. Do your own taxes today at TaxACT. You got this. If […]

Ways to Reduce Your Tax Burden

Now that most of my 1099’s have arrived, I’ll be sitting down to do my taxes soon!  Today, PF Pro contributor, Melissa Hoffman takes a look at a few ways you can reduce your tax burden and keep more money in your pocket. As much as you may not want to hear it, we’re well […]

Depreciation is My New Best Friend

I just submitted my taxes and it felt good. The sense of accomplishment this year was especially gratifying because I got a lot of money back. Normally if you get money back it’s because you didn’t do a very good job of calculating your estimated withholding. But 2013 was the first year I got to […]

Why the Average CPA Isn’t Worth the Money

Every year around tax time, I inevitably see lots of articles about maximizing deductions and figuring out ways to get more money back. There are lots of gray areas when it comes to taxes and that opens up lots of possibilities for aggressive filers. But even within the CPA community, there is a lot of […]

Diversify Everything

Whenever I hear someone get really excited about their latest investment, I tend to think the worst.  It’s not that I don’t want that person to succeed but I usually worry they’re making a big mistake.  Any time I see a friend buy a house, I wonder if they spent more than they can afford. […]

Are Credit Card Bonuses Taxable?

Now that my favorite time of the year(tax time!) is right around the corner, I’m starting to get a lot of 1099’s in the mail.  I have many sources of income which usually means a lot of 1099’s showing up on my door step.  It’s more work for me but it’s usually a good thing […]

TurboTax 2013 Review and Premier Edition Giveaway

I’m a big proponent of do it yourself financial solutions and when it comes to taxes my feelings are no different.  CPA’s and tax professionals are expensive and they probably don’t make sense for about 90% of us.  Even though our tax system is pretty insane and convoluted, as long as you understand the basics […]

Turbo Tax Review From Someone Who’s Actually Used It

This is going to sound a little crazy, but I’ve done my taxes myself and I’ve also gone to a service to have my taxes done for me… and it was easier to do them myself. As well as cheaper. The reason? I use Turbotax.com now. There are a few things I like about TurboTax. […]

I Finally Invested My HSA Money

It’s been a while since I wrote about my new HSA rollover strategy and lots of things have happened since then.  I quit my old job, got free health insurance for a couple months, got my own insurance for a month and will have employer health insurance again next week!  I’ll probably go with the […]

Why I Always Order Food and Drinks To Go

One of my favorite topics is taxes, or more specifically avoiding taxes.  Every year I go to great lengths to delay or even avoid taxes to the fullest extent of the law.  I max out my 401k, Roth IRA and HSA.  I itemize and take huge deductions for property tax and mortgage interest but I […]

Special Tax Treatment of an Employee Stock Purchase Plan

If you do your taxes yourself and participate in an employee stock purchase plan(ESPP) you could be making a huge error in the IRS’ favor.  Although the ESPP program was discontinued at my workplace this year, one of my co-worker’s recently made this mistake and he’ll have to amend his 2012 return.  It all has […]

Part 1: Opening a No Fee Lending Club Roth IRA

I’ve been investing with Lending Club for three years now and my returns are still over 10%.  I’ve developed a specific set of filters that I feel give me a distinct advantage over the average LC investor yet it’s nothing ground breaking.  The average investor is doing pretty well according to Lending Club, but I […]

Turbo Tax 2012 Review and Premier/Deluxe Giveaway

I’ve been using Turbo Tax to file my taxes for several years now so I thought it would be appropriate to review their product.  Last year, I debated over whether or not to hire a CPA but ultimately decided on using Turbo Tax again.  Although my taxes have gotten more complicated over the years, I’ve […]